Govt rules out ‘knee-jerk’ reaction to tackle rupee fall
The government today ruled out any “knee-jerk reaction” to tackle the fall in rupee and said appropriate measures would be taken after taking into consideration the global situation. Against the backdrop of the rupee breaching the 69-mark versus the US dollar and touching lifetime lows on Thursday, Finance Minister Piyush Goyal emphasised that there is no need for any knee-jerk reaction to deal with the situation. The rupee closed at an all-time low of 68.79 on Thursday due to multiple headwinds, including concerns over inflation and weak global cues. The…
Read More